320 Acre Lyman County, SD Land Auction
November 29, 2023 - 10:30am
Live auction with internet bidding available!
Auction Location: Presho Fire Hall, 220 Main Ave, Presho, SD
Property Location(s): From Presho, SD: Tract 1;One mile North on 305th Ave, Four miles East on 239th St, Three miles North on 309th Ave, property is on west side of road. Tract 2: Three miles North on 305th Ave, Four-and-a-half miles West on 237th St (dirt road), property located on north side of road. Signs designate the property.
Broker Note: Peterson Land & Auction LLC is pleased to bring these two, powerful farming tracts in Lyman County, SD to public auction! Access to the property is very good and less than 10 miles from Presho, SD. The majority of the cropland is level to gently rolling and features excellent soil productivity ratings! Wheat, Corn, Soybeans, Sunflowers and Milo are all grown in the area. We cannot stress enough, the investment opportunity this auction presents to farm & ranch operations-big or small, investors, outdoor enthusiasts and more! Inspect the property at your convenience from the road along the property boundaries. Come prepared to BUY!
Tract 1: Southeast Quarter (SE 1/4) of Section 18-T106N-R76W of the 5thPM Lyman County, SD. 160 +/- acres. Outstanding, nearly all tillable, easily accessed piece of property that features 157.18 +/- acres under cultivation with the balance in ROW and small area of trees. The entire tract boasts a 79 productivity index with 85% of the land in just two soil types! Gravel road access along the east boundary on 309th Ave. Real Estate Taxes: $1253.10 (2022)
Tract 2: Southwest Quarter (SW ¼) of Section 14-T106N-R78W of the 5th PM Lyman County, SD. 160 +/- acres. This too is a very nice farming tract with 140.3 +/- acres under cultivation. Along and across the north boundary is a 19.96 +/- acre low area well-suited to wildlife habitat. The entire tract features a 73 productivity index with the cultivated acres alone rank a 78.9 productivity index! Gravel road access along the south boundary along 236th St. Real Estate Taxes: $1153.46 (2022).
Owners: Clinton Uthe, Clifford Uthe, Judy Smith, Lowell Uthe, Janice Uthe and Ann Bennett
Terms: All prospective purchasers that have no prior real estate purchase/business history with Peterson Land & Auction LLC shall be required to submit a letter of credit/guarantee or proof of funds from an FDIC insured lending institution or financial services company prior to being approved to bid. Peterson Land & Auction LLC and the Seller shall have absolute discretion and authority to qualify or not qualify potential bidders. If you have any question as to your ability to bid, contact our office in advance of the auctionBuyer and Seller agree to execute a written purchase agreement at the conclusion of the auction. Non-refundable deposits in the amount of 15% (Fifteen Percent) of the final selling price shall be tendered by the purchaser at time of purchase agreement execution. No Buyer contingencies of any kind are offered, nor will any be accepted. These include but are not limited to financing, appraisal, and inspections. Potential buyers are expected to have their financial arrangements secured prior to bidding. Buyers who are unable to close because of insufficient funds will be in default and the earnest money will be forfeited. Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries, and due diligence concerning the property. Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or any warranty. Property is being sold by legal description only. Property sells in AS-IS condition. Property will be sold subject to confirmation of the seller(s). Closing date shall be on or before January 16, 2023, at Titles of Dakota, Kennebec, SD. The closing fee shall be divided equally between the buyer and seller. Merchantable title shall be conveyed by Trustees Deed. Owners title insurance will be provided with the cost divided equally between buyer and seller. 2023 Real Estate taxes due and payable in 2024 shall be paid by the seller. 2024 taxes and beyond shall be the responsiblity of the buyer. Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.